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DTSTART;TZID=Canada/Eastern:20210726T120000
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DESCRIPTION:Energy efficiency\, which has emerged as a top priority in clou
 d ecosystems\, is the outcome of appropriate pricing mechanisms and resour
 ce allocations. Static pricing mechanisms are the most dominant approach a
 mong all the others. They are simple to implement for the service provider
 s and easy to understand for the service users. Inaccurate price calculati
 on and low efficient resource allocation in static pricing mechanisms made
  researchers discover other solutions to overcome these issues. Double auc
 tion mechanisms are among the most appropriate dynamic models. The main ch
 allenge of conventional double auction mechanisms is not considering the c
 loud ecosystems&#39; specifications\, such as dynamic online features. The ter
 m dynamic refers to the many variable parameters in cloud ecosystems\, and
  they constantly change. Conventional static offline pricing solutions are
  set based on a series of parameters before running the process. In dynami
 c online methods\, we customize our pricing models based on dynamic and cu
 rrent parameters. Also\, we continuously optimize these methods to attain 
 optimal results. In this seminar\, firstly\, we define a Dynamic Online Do
 uble Auction Mechanism (DODAM) for the IaaS environment\, which covers a b
 roader range of IaaS parameters by considering the dynamic online features
  of such markets. Considering the features of cloud dynamic online ecosyst
 ems\, DODAM provides an appropriate price scheduling for service providers
  and service users. Cloud secondary market is a new paradigm in IaaS ecosy
 stems. In these markets\, brokers and reseller buyers have attained their 
 resources from service providers of the cloud primary markets in the form 
 of timed packages and repackage them into smaller chunks. As unsold packag
 es do not transfer to the next intervals\, brokers and reseller buyers nee
 d to sell their packages as much as possible. We develop a mechanical desi
 gn that includes a market-based pricing model and a resource allocation al
 gorithm in such markets as our second contribution. Next\, by formulating 
 the inherent competitive features in cloud secondary markets\, we improve 
 the pricing and resource allocation mechanisms in such competitive ecosyst
 ems. In the last contribution\, we proposed a Priority-based Dynamic Onlin
 e Double Auction Model (PB-DODAM)\, considering the perishability and time
  constraints of traded resources in IaaS secondary markets. The provided e
 xperimental results show that all proposed mechanisms drastically increase
  resource utilization and the overall utility.\n\nSpeaker(s): Dr. Reza Dib
 aj\, \n\nToronto\, Ontario\, Canada\, Virtual: https://events.vtools.ieee.
 org/m/276942
LOCATION:Toronto\, Ontario\, Canada\, Virtual: https://events.vtools.ieee.o
 rg/m/276942
ORGANIZER:reza.dibaj@ieee.org
SEQUENCE:1
SUMMARY:Sustainable Service Pricing in Cloud Ecosystems
URL;VALUE=URI:https://events.vtools.ieee.org/m/276942
X-ALT-DESC:Description: &lt;br /&gt;&lt;p&gt;Energy efficiency\, which has emerged as a
  top priority in cloud ecosystems\, is the outcome of appropriate pricing 
 mechanisms and resource allocations. Static pricing mechanisms are the mos
 t dominant approach among all the others. They are simple to implement for
  the service providers and easy to understand for the service users. Inacc
 urate price calculation and low efficient resource allocation in static pr
 icing mechanisms made researchers discover other solutions to overcome the
 se issues. Double auction mechanisms are among the most appropriate dynami
 c models. The main challenge of conventional double auction mechanisms is 
 not considering the cloud ecosystems&#39; specifications\, such as dynamic onl
 ine features. The term dynamic refers to the many variable parameters in c
 loud ecosystems\, and they constantly change. Conventional static offline 
 pricing solutions are set based on a series of parameters before running t
 he process. In dynamic online methods\, we customize our pricing models ba
 sed on dynamic and current parameters. Also\, we continuously optimize the
 se methods to attain optimal results. In this seminar\, firstly\, we defin
 e a Dynamic Online Double Auction Mechanism (DODAM) for the IaaS environme
 nt\, which covers a broader range of IaaS parameters by considering the dy
 namic online features of such markets. Considering the features of cloud d
 ynamic online ecosystems\, DODAM provides an appropriate price scheduling 
 for service providers and service users. Cloud secondary market is a new p
 aradigm in IaaS ecosystems. In these markets\, brokers and reseller buyers
  have attained their resources from service providers of the cloud primary
  markets in the form of timed packages and repackage them into smaller chu
 nks. As unsold packages do not transfer to the next intervals\, brokers an
 d reseller buyers need to sell their packages as much as possible. We deve
 lop a mechanical design that includes a market-based pricing model and a r
 esource allocation algorithm in such markets as our second contribution. N
 ext\, by formulating the inherent competitive features in cloud secondary 
 markets\, we improve the pricing and resource allocation mechanisms in suc
 h competitive ecosystems. In the last contribution\, we proposed a Priorit
 y-based Dynamic Online Double Auction Model (PB-DODAM)\, considering the p
 erishability and time constraints of traded resources in IaaS secondary ma
 rkets. The provided experimental results show that all proposed mechanisms
  drastically increase resource utilization and the overall utility.&lt;/p&gt;
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